2/23/2023 – VIDEO – A Mortgage Broker will make your life easier. We’re biased, but its still true…
- Relationships with lenders: Mortgage brokers typically have established relationships with a variety of lenders, which gives them more control over the loan process. They know which lenders are more likely to approve certain types of borrowers or loans, which can be especially helpful for clients with less-than-perfect credit or unique financial situations.
- Expertise and experience: Mortgage brokers are experts in the home loan process and have years of experience in navigating the intricacies of the mortgage industry. Their knowledge and expertise can help ensure that the loan process runs smoothly and that clients get the best possible loan terms.
- Better mortgage terms: Mortgage brokers access the wholesale market which is more competitive than the retail mortgage market. This means that they can provide more customized loan options and advice than a traditional lender might be able to offer. It also means they can usually find better terms for their clients
- Flexibility: Mortgage brokers are typically more flexible than traditional lenders when it comes to things like credit score requirements, down payment amounts, and other loan terms. This can be especially helpful for clients who have unique financial situations or who are trying to buy in a competitive market.
- Streamlined process: Finally, mortgage brokers can often provide a more streamlined loan process than traditional lenders. They can handle all of the paperwork and documentation on behalf of their clients, which can save them time and hassle.
In summary, mortgage brokers have more control over the loan process due to their established relationships with lenders, expertise and experience, personalized service, flexibility, and streamlined process.